It’s never too early to plan for the future, and having a solid back-up plan in place is key to financial security. Our Term Life policy is an affordable option for families who may need to replace lost income during a specified time period.

 

 

 

Level Term Life Insurance
INDIVIDUAL LEVEL
TERM LIFE
  • Provides a fixed premium that won’t increase during the term period
  • Benefit remain level throughout the term
  • Payroll deducted premiums
  • Guaranteed coverage for the term of the policy – cannot be cancelled due to age or health
  • Coverage is yours, you can take it with you, wherever you go
  • Coverage can be converted to whole life with no underwriting required*
  • Family coverage options available**
*Prior to age 70 or at the end of the term period, whichever occurs first
**Coverage for Spouse and/or Child(ren) is only available as long as you have elected term coverage for yourself. 

Frequently Asked Questions

Term life insurance provides coverage for a specified period of time. If the policyholder dies during the term selected, his or her beneficiaries receive a death benefit.
The main difference between term life and whole life insurance is the length of the policy. With term life, the insured chooses a length of time for the policy to last. If the insured dies during the time period of the policy, the beneficiaries receive a death benefit. With whole life, the insured is covered for life and rates will never increase as long as premiums are paid on time. Whole life insurance also builds a cash value over time. There are many advantages to both term and whole life insurance and which one is the better choice varies by person. Below are some of the differences in policy features:
Policy Features
Term Life
Whole Life
Low Premium
X
 
Choice of policy length
X
 
Guaranteed issue
 
X
Accumulates cash value
 
X
Lifelong coverage
 
X

When a term life insurance policy is purchased the insured is protected during the selected term. If the insured dies during the term, a set amount is paid to the beneficiaries.